Market Analysts see BP p.l.c. [BP] gaining to $28. Time to buy?

BP p.l.c. [NYSE: BP] traded at a low on 03/22/21, posting a -0.35 loss after which it closed the day’ session at $25.35. The company report on August 17, 2020 that Republic Services, Aria Energy and bp Partner on New Renewable Energy Project.

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Renewable Natural Gas Facility Begins Operations at South Shelby Landfill.

Republic Services (NYSE: RSG) and energy partners Aria Energy and bp (NYSE: BP) announced the startup of a landfill-gas-to-renewable-natural-gas (RNG) project at South Shelby Landfill. The project directly supports Republic’s commitment to send 50 percent more landfill gas to beneficial reuse by 2030.

The results of the trading session contributed to over 11551612 shares changing hands. Over the past one week, the price volatility of BP p.l.c. stands at 2.55% while the volatility over the past one month is 2.81%.

The market cap for BP stock reached $88.31 billion, with 3.38 billion shares outstanding and 3.35 billion shares in the current float. Compared to the average trading volume of 16.65M shares, BP reached a trading volume of 11551612 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about BP p.l.c. [BP]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BP shares is $29.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BP stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for BP p.l.c. shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on February 16, 2021. While these analysts kept the previous recommendation, MKM Partners raised their target price to Buy. The new note on the price target was released on January 27, 2021, representing the official price target for BP p.l.c. stock.

The Average True Range (ATR) for BP p.l.c. is set at 0.77, with the Price to Sales ratio for BP stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 8.91.

How has BP stock performed recently?

BP p.l.c. [BP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.30. With this latest performance, BP shares gained by 10.84% in over the last four-week period, additionally plugging by 34.27% over the last 6 months – not to mention a rise of 45.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BP stock in for the last two-week period is set at 51.97, with the RSI for the last a single of trading hit 46.34, and the three-weeks RSI is set at 54.22 for BP p.l.c. [BP]. The present Moving Average for the last 50 days of trading for this stock 24.11, while it was recorded at 25.75 for the last single week of trading, and 21.65 for the last 200 days.

BP p.l.c. [BP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and BP p.l.c. [BP] shares currently have an operating margin of -5.82 and a Gross Margin at -0.05. BP p.l.c.’s Net Margin is presently recorded at -11.26.

Return on Total Capital for BP is now -6.37, given the latest momentum, and Return on Invested Capital for the company is -13.95. Return on Equity for this stock declined to -25.05, with Return on Assets sitting at -7.56. When it comes to the capital structure of this company, BP p.l.c. [BP] has a Total Debt to Total Equity ratio set at 114.98. Additionally, BP Total Debt to Total Capital is recorded at 53.48, with Total Debt to Total Assets ending up at 30.61. Long-Term Debt to Equity for the company is recorded at 99.14, with the Long-Term Debt to Total Capital now at 46.11.

Receivables Turnover for the company is 8.36 with a Total Asset Turnover recorded at a value of 0.67.BP p.l.c.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.

Earnings analysis for BP p.l.c. [BP]

With the latest financial reports released by the company, BP p.l.c. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.28/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -14.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BP p.l.c. go to -3.00%.

Insider trade positions for BP p.l.c. [BP]

There are presently around $6,796 million, or 8.20% of BP stock, in the hands of institutional investors. The top three institutional holders of BP stocks are: STATE STREET CORP with ownership of 28,403,823, which is approximately -1.275% of the company’s market cap and around 0.50% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 20,736,685 shares of the stock with an approximate value of $525.67 million in BP stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $346.85 million in BP stock with ownership of nearly -0.376% of the company’s market capitalization.

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Positions in BP p.l.c. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 366 institutional holders increased their position in BP p.l.c. [NYSE:BP] by around 50,568,104 shares. Additionally, 507 investors decreased positions by around 52,459,577 shares, while 124 investors held positions by with 164,100,410 shares. The mentioned changes placed institutional holdings at 267,128,091 shares, according to the latest SEC report filing. BP stock had 136 new institutional investments in for a total of 7,663,008 shares, while 126 institutional investors sold positions of 8,907,145 shares during the same period.

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